Resonant Capital Advisors LLC Purchases 46,549 Shares of Comcast Corporation $CMCSA

Resonant Capital Advisors LLC lifted its holdings in Comcast Corporation (NASDAQ:CMCSA) by 279.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,198 shares of the cable giant’s stock after acquiring an additional 46,549 shares during the period. Resonant Capital Advisors LLC’s holdings in Comcast were worth $2,256,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Cranbrook Wealth Management LLC boosted its position in shares of Comcast by 86.0% during the second quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC boosted its holdings in shares of Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock valued at $27,000 after purchasing an additional 671 shares during the last quarter. Abound Financial LLC purchased a new position in shares of Comcast during the first quarter valued at about $29,000. Ransom Advisory Ltd bought a new stake in shares of Comcast in the first quarter worth about $29,000. Finally, Princeton Global Asset Management LLC lifted its position in shares of Comcast by 403.5% in the second quarter. Princeton Global Asset Management LLC now owns 856 shares of the cable giant’s stock worth $31,000 after buying an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 84.32% of the company’s stock.

Comcast Trading Down 0.1%

NASDAQ CMCSA opened at $29.28 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The stock has a market cap of $108.11 billion, a PE ratio of 4.84, a PEG ratio of 1.73 and a beta of 0.94. The company’s 50-day moving average price is $31.92 and its 200-day moving average price is $33.53. Comcast Corporation has a 12 month low of $29.15 and a 12 month high of $45.31.

Comcast (NASDAQ:CMCSA) last issued its earnings results on Monday, March 13th. The cable giant reported $0.77 earnings per share for the quarter. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.34 billion during the quarter. Equities research analysts forecast that Comcast Corporation will post 4.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CMCSA. Scotiabank reaffirmed a “sector perform” rating and issued a $45.50 price objective (up previously from $45.00) on shares of Comcast in a research note on Monday, October 6th. Arete Research raised shares of Comcast to a “hold” rating in a research note on Tuesday, July 8th. Barclays lowered their price objective on shares of Comcast from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, August 1st. The Goldman Sachs Group reduced their target price on shares of Comcast from $40.00 to $39.00 and set a “buy” rating on the stock in a report on Wednesday, September 24th. Finally, Morgan Stanley set a $35.00 target price on shares of Comcast and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.76.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.